Mesirow Financial Investment Management Inc. trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 12.4% in the 4th quarter, HoldingsChannel reports. The fund owned 90,575 shares of the company’s stock after selling 12,869 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $12,604,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in SDY. UBS Group AG raised its holdings in shares of SPDR S&P Dividend ETF by 10.5% in the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after buying an additional 165,053 shares during the period. Orion Porfolio Solutions LLC raised its stake in shares of SPDR S&P Dividend ETF by 70.0% in the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock valued at $47,432,000 after acquiring an additional 143,853 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of SPDR S&P Dividend ETF by 126.6% in the third quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock valued at $31,305,000 after acquiring an additional 124,864 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of SPDR S&P Dividend ETF by 4.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after acquiring an additional 121,368 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after acquiring an additional 119,562 shares in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.
SPDR S&P Dividend ETF Trading Down 0.6%
Shares of NYSEARCA SDY opened at $147.07 on Thursday. The stock has a market cap of $21.52 billion, a P/E ratio of 19.85 and a beta of 0.71. SPDR S&P Dividend ETF has a 12-month low of $131.96 and a 12-month high of $156.39. The business’s fifty day simple moving average is $147.90 and its 200-day simple moving average is $145.27.
About SPDR S&P Dividend ETF
The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.
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